2 Bed Flat, Single Let, Middlesbrough, TS4 2BZ, £40,000

Lytton Street, Middlesbrough, TS4 2BZ - 10 months ago

Leasehold

BTL

ROI: 23%

~68 m²

+3 photos

ValuationUndervalued

Sold Prices	£40K - £134K
Sold Prices/m²	£747/m² - £2K/m²

Square Metres	~68.11 m²
Price/m²	£587/m²
Value Estimate	£48,800£48,800
BMV	22%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£10,000£10,000
Stamp Duty & Legal Fees	£3,200£3,200
Total Cash In	£13,200£13,200

Cash Out
Rent Range	£433 - £795£433 - £795
Rent Estimate	£496
Running Costs/mo	£244£244
Cashflow/mo	£252£252
Cashflow/yr	£3,022£3,022
ROI	23%23%
Gross Yield	15%15%

Local Sold Prices

37 sold prices from £40K to £134K, average is £80K. £747/m² to £2K/m², average is £1.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£59K	02/22	0.42 mi	40, Elder Court, Middlesbrough TS1 2SJ	£922	64	2	Flat
£71K	12/20	0.89 mi	31, Gresham Road, Middlesbrough TS1 4LU	£1,183	60	2	Flat
£50K	05/22	1.16 mi	8, Teare Close, Middlesbrough TS1 5ND	£794	63	2	Flat
£127.5K	08/22	1.21 mi	8, Belgravia Gardens, Middlesbrough TS5 6NZ	£1,992	64	2	Flat
£134K	02/23	1.21 mi	11, Belgravia Gardens, Middlesbrough TS5 6NZ	£1,648	81	2	Flat
£112K	04/23	1.21 mi	10, Belgravia Gardens, Middlesbrough TS5 6NZ	-	-	2	Flat
£120K	03/23	1.22 mi	4, Belgravia Gardens, Middlesbrough TS5 6NZ	-	-	2	Flat
£63K	04/23	1.35 mi	25, Camsell Court, Middlesbrough TS5 5BE	-	-	2	Flat
£70K	07/23	1.35 mi	15, Camsell Court, Middlesbrough TS5 5BE	£1,296	54	2	Flat
£67.5K	10/21	1.36 mi	6, Clough Close, Middlesbrough TS5 5DW	£1,071	63	2	Flat
£59K	10/20	1.36 mi	21, Clough Close, Middlesbrough TS5 5DW	£844	70	2	Flat
£60K	03/23	1.36 mi	33, Clough Close, Middlesbrough TS5 5DW	£1,091	55	2	Flat
£70K	11/23	1.36 mi	31, Clough Close, Middlesbrough TS5 5DW	£1,346	52	2	Flat
£64.8K	10/22	1.46 mi	10, The Potteries, Middlesbrough TS5 6DQ	£830	78	2	Flat
£65K	09/22	1.48 mi	65, Roman Road, Middlesbrough TS5 5PH	£747	87	2	Flat
£76K	06/21	1.57 mi	14, Dorman Gardens, Linthorpe, Middlesbrough TS5 5DS	£1,310	58	2	Flat
£80K	07/23	1.57 mi	19, Dorman Gardens, Linthorpe, Middlesbrough TS5 5DS	-	-	2	Flat
£84K	01/23	1.57 mi	70, Dorman Gardens, Linthorpe, Middlesbrough TS5 5DS	£1,556	54	2	Flat
£95K	12/21	1.61 mi	17d, Scholars Rise, Middlesbrough TS4 3RP	-	-	2	Flat
£90K	08/23	1.68 mi	9, Oriel Close, Middlesbrough TS5 5NJ	-	-	2	Flat
£40K	07/21	1.71 mi	78, Broadwell Road, Middlesbrough TS4 3NP	£800	50	2	Flat
£55K	03/23	1.75 mi	18, Carmarthen Road, Middlesbrough TS3 0HR	-	-	2	Flat
£82K	11/21	1.75 mi	18, Bayberry Mews, Middlesbrough TS5 7RG	£1,464	56	2	Flat
£82K	08/21	1.75 mi	16, Bayberry Mews, Middlesbrough TS5 7RG	£1,579	52	2	Flat
£85K	01/23	1.75 mi	16, Bayberry Mews, Middlesbrough TS5 7RG	£1,637	52	2	Flat
£85K	02/24	1.75 mi	12, Bayberry Mews, Middlesbrough TS5 7RG	£1,667	51	2	Flat
£60K	06/23	1.81 mi	86, Cargo Fleet Lane, Middlesbrough TS3 0JZ	£1,053	57	2	Flat
£75K	12/22	1.86 mi	Flat 6, Glen Court, Glendale Road, Middlesbrough TS5 7FL	-	-	2	Flat
£95K	01/21	1.91 mi	49, Stanhope Grove, Middlesbrough TS5 7SF	£1,508	63	2	Flat
£95K	01/21	1.91 mi	47, Stanhope Grove, Middlesbrough TS5 7SF	£1,610	59	2	Flat
£47K	09/21	1.95 mi	6, Fulbeck Road, Middlesbrough TS3 0SG	£839	56	2	Flat
£106K	06/22	1.96 mi	13, The Ladle, Middlesbrough TS4 3SL	£1,324	80	2	Flat
£110K	11/20	1.98 mi	42, The Ladle, Middlesbrough TS4 3SL	£1,495	74	2	Flat
£96K	01/23	1.98 mi	29, The Ladle, Middlesbrough TS4 3SL	£1,215	79	2	Flat
£100K	12/23	1.98 mi	30, The Ladle, Middlesbrough TS4 3SL	£1,053	95	2	Flat
£47K	09/21	1.98 mi	6, Fulbeck Road, Middlesbrough TS3 0SG	£839	56	2	Flat
£115K	02/22	1.98 mi	32, The Ladle, Middlesbrough TS4 3SL	£1,456	79	2	Flat

Local Rents

25 rents from £433/mo to £795/mo, average is £650/mo.

Rent	Date	Distance	Address	Beds	Type
£550	02/25	0.1 mi	-	2	Terraced House
£650	10/24	0.19 mi	Douglas Court, Douglas Street, Middlesbrough, North Yorkshire, TS4	2	Flat
£650	12/24	0.21 mi	-	2	Terraced House
£640	12/24	0.24 mi	-	2	Semi-Detached House
£565	10/24	0.25 mi	-	2	Terraced House
£675	11/24	0.29 mi	-	2	Terraced House
£650	10/24	0.31 mi	Roscoe Street, Middlesbrough	2	Flat
£575	10/24	0.38 mi	Coltman Street, MIDDLESBROUGH	2	Terraced House
£499	10/24	0.38 mi	-	2	Terraced House
£795	01/25	0.39 mi	-	2	Terraced House
£500	10/24	0.41 mi	-	2	Terraced House
£650	10/24	0.43 mi	Esk Street, Middlesbrough, TS3	2	Flat
£595	04/25	0.44 mi	-	2	Terraced House
£550	10/24	0.46 mi	Cadogan Street, North Ormesby, Middlesbrough, North Yorkshire, TS3	2	Terraced House
£575	10/24	0.46 mi	Peaton Street, MIDDLESBROUGH	2	Terraced House
£795	03/25	0.5 mi	-	2	Terraced House
£795	03/25	0.5 mi	-	2	Terraced House
£695	10/24	0.5 mi	-	2	Terraced House
£795	03/25	0.5 mi	-	2	Terraced House
£695	10/24	0.5 mi	Herbert Street, Middlesbrough, TS3	2	Terraced House
£695	12/23	0.52 mi	-	2	Terraced House
£700	10/24	0.53 mi	Ciac Building, Quay Street, Middlesbrourgh, TS2	2	Flat
£475	10/24	0.55 mi	-	2	Terraced House
£433	10/24	0.58 mi	Woodlands Road, Middlesbrough, North Yorkshire, TS1	2	Flat
£433	10/24	0.58 mi	Woodlands Road, Middlesbrough, North Yorkshire, TS1	2	Flat

Local Area Statistics

Population in TS4	16,95016,950
Population in Middlesbrough	189,245189,245
Town centre distance	1.78 miles away1.78 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.81 miles away0.81 miles away

Rental demand	Tenant's marketTenant's market
Rental growth (12m)	+47%+47%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	-3%-3%

Property History

Price changed to £40,000

December 26, 2024

Price changed to £50,000

October 16, 2024

Listed for £60,000

June 25, 2024

Description

Tenure: Leasehold

Two-bedroom apartment in the sought-after Lytton House development, this property offers convenience and accessibility, being in close proximity to a range of local shops and amenities. Whether you are a first-time buyer looking to step onto the property ladder or an astute investor seeking a lucrative addition to your portfolio, this residence is sure to captivate your interest.

Upon entering, you are greeted by a welcoming natural décor throughout the apartment. The living space boasts two generously proportioned double bedrooms

The apartment also features a well-appointed fitted kitchen, providing a functional and stylish space with modern amenities and ample storage.

Currently, the property is tenanted. This rental opportunity presents a promising investment prospect for those looking to bolster their financial portfolio or supplement their income.

Agent Details

Bridgfords, Middlesbrough

01642 056953

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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ValuationUndervalued

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Description

Agent Details

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